China demand for oil and lead

Would someone please tell me how the chinese can afford a gallon of gas or purchase lead at the same prices were paying. Had some chinese enginenerrs come thur our plant and the comments made by them were how'd we afford the 10,000.00 toolboxes? that was more than they made in a year. keith

I am just curious but does China produce any domestic oil? If not do they do any exploration of their own.

I can't help but think that if there is oil in the ground in their country. They are supposed to be buying oil at any price and driving world prices up aren't they in affect hurting all of these companies that sent their business over there? If so doesn't that kind of make you wonder if maybe what goes around comes around?

Oil and lead, indeed all commodities, are not as expensive for the Chinese as they are for Americans. This anomaly due to the low American dollar. We need to give more dollars for a barrel of oil than the Chinese need to give of their currency.

Yes, the prices of these commodities are up dramatically but America feels it the most since the value of the dollar is in the sewer. This is the "double whammy".

Here you go Ivanhoe. Be sure to thanks our enviromentalists and the Democrats:

"While Washington dithers over exploiting oil and gas reserves off the coast of Florida, China has seized the opportunity to gobble up these deposits, which run throughout Latin America, the Caribbean and along the U.S. Gulf coast.

The Chinese have forged a deal with Cuban leader Fidel Castro to explore and tap into massive oil reserves almost within sight of Key West, Florida. At the same time, Venezuelan President Hugo Chavez, who controls the largest oil reserves in the Western Hemisphere, is making deals to sell his country’s oil to China, oil that is currently coming to the United States.

Meanwhile, a new left-wing populist regime in Bolivia has nationalized the natural gas industry, threatening to cut off supplies to the United States.

SLANT DRILLING

There are new reports out circulating that Chinese firms are planning to slant drill off the Cuban coast near the Florida Straits, tapping into U.S. oil reserves that are estimated at 4.6 billion to 9.3 billion barrels. This compares with 4 billion to 10 billion barrels believed to be beneath the Alaska National Wildlife Refuge, where drilling is held up in Congress due to the objections of environmental groups which warn of endangering caribou. Permission to drill in the refuge, which experts are certain will not present any environmental hazard, has failed by just two votes in the Senate.

As Chinese business increases its reach around the world, it is seeking oil, which it lacks domestically."

We really need to let China drill under us and sell us the oil, that way they can buy US Savings bonds, with the profits, fund our debt load, and we can continue spend it like the dumb a$$ country we have become.